Dusit Thani Cam Ranh Flowers Resort - Opening late 2016

Tourism boom in Southeast Asia: More new top hotels in the pipeline – Vietnam relies on luxury top hotels and resorts

Saigon, Vietnam – 17 May 2015 – The tourism in Southeast Asia is rising. Especially in Vietnam where the number of new hotel constructions is increasing: According to TOPHOTELPROJECTS, the worldwide leading provider of global b2b hotel data, currently 50 new top hotels and luxury resorts are in the pipeline, thereof large properties for international hotel brands such as Six Senses, Ritz Carlton, Dusit Thani and JW Marriott.

Dusit Thani Cam Ranh Flowers Resort - Opening late 2016

Dusit Thani Cam Ranh Flowers Resort – Opening late 2016

With 90.7 million residents Vietnam is the third densely populated country in Southeast Asia, behind Indonesia and the Philippines, and surprises with a strong economic growth by six percent in the past year. A similar expansion rate is also expected for this year. The tourism is about to increase its revenue from 10.9 billion US Dollars in 2014 to 12.7 billion US Dollars in 2015. The tourism office is aiming about 8.4 million international visits in 2015 (previous year: 7.9 million). Therefore the infrastructure will be extended in popular holiday destinations such as the Phu Quoc Island.

Selected hotel construction projects in Vietnam
Ritz-Carlton Reserve Vinh Hoi Bay – Quy Nhon – 100 rooms – planned opening: Q2 2016
Six Senses Latitude – Phu Quoc – 136 rooms – opening tbd
Dusit Thani Can Ranh Flowers Resort – Cam Rahn Bay – 439 rooms – opening: late 2016
Four Seasons Cham Island Resort – Quang Nam – 75 rooms – opening tbd

Tourism boom also in Myanmar
Also Myanmar tries to obtain revenue through tourism. After doubling its number of international visitors in 2013, this number increased up to the million in 2014. As the construction of the new major airport Hanthawaddy is delayed, the Yangon International Airport will be expanded until late 2015. According to TOPHOTELPROJECTS currently 14 top hotels, brands such as Shangri-La, Dusit, Pullman (Accor), Hilton and Best Western, are in the pipeline.

In 2013 the hotel portfolio increased from 787 to 923 hotels with 34,834 rooms. The greatest part is located in Yangon (232 hotels with 10,175 rooms) followed by Mandalay (104 hotels), Bagan (77) and the capital Nay Pyi Taw (50) and Taunggyi/Inke Lake (70). The ministry recently calculated a stock of 1,000 hotels with about 10,000 new rooms.

Yangon remains the most popular destination. The occupancy rate at luxury hotels reached greatly 80 percent in 2013. In 2009 it was only at 46 percent. The room rate increased by almost 300 percent from 40 US Dollars to 157 US Dollars in average. The largest hotel is the Sule Shangi-La (former Traders) with 484 rooms as well as the hotels Sedona (450 rooms), Park Royal (359), Chatrium (315), Summit Parkview (250), Inya Lake (239) and Golden Hill (212).

Another strong economic growth by seven percent is recorded in Cambodia. Similar increases are expected for this and the next year. More and more manufacturing sites (focus of clothing) are relocated from China and Vietnam to Cambodia. With a growth of the visitor flow by 17.5 percent up to 4.2 million foreign guests, the tourism revives the demand of customer good as well as the hospitality and gastronomy. According to TOPHOTELPROJECTS currently seven new top hotels (Rosewood, Okura, Shangri-La) are in the pipeline in Cambodia.

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